Derek and Laurie Wood are owner-operators of a thriving six-bed residential care home in Maine.
After leaving the government contracting world and leveraging Laurie’s 25 years of nursing experience, this husband and wife team acquired an existing home coming out of COVID, navigated complex state regulations, and transformed a burnout model into a fully occupied, cash-flowing business with a waiting list.
They share how they:
• Evaluated deals during the PPP bubble and avoided costly mistakes
• Transitioned from an owner-led model to a scalable operation
• Successfully operate a dual payer model with MaineCare paying up to $8,100 per resident
• Maintain 100 percent occupancy through word of mouth and hospital referrals
• Achieve a 20 percent margin on a six-bed home
• Build strong staff loyalty in a competitive market
• Balance marriage, careers, and business ownership
If you have ever wondered whether a small six-bed home can truly work, this episode delivers real numbers, real strategy, and real inspiration.
With 76 million baby boomers facing housing challenges, one residential assisted living home could change your financial future. Tune in to learn how Derek and Laurie are building not just one home, but a portfolio designed for long-term growth and impact.
Listen to this episode of the Assisted Living Network Podcast here.
